
Co-Directors Hit with 7-Year Bans for £50k Turnover Fraud

Richard James Wood and Charles Andrew Wood, directors of XCEL Interiors Limited, faced bans of 3 years and 6 months and 4 years, respectively, for failing to fully repay a Bounce Back Loan (BBL) from RBS after securing a £46,305 Coronavirus Business Interruption Loan Scheme (CBILS) from Funding Circle. […]
Asrin Babamiri Ozongheshlagh’s 11-year ban results from claiming a £250,000 turnover with zero actual turnover to secure a £50,000 Bounce Back Loan, spent on living expenses. […]
The Insolvency Service has pursued directors for using Bounce Back Loans to fund personal lifestyles. […]
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